Market Opening - An Overview
SGX Nifty futures were trading 0.89% lower at 17448.20, signalling Dalal Street was headed for a negative opening.
The Indian rupee gained 4 paise to close slightly higher at 73.48 against the US dollar on Friday.
Asian equities eased on Monday ahead of a dozen central bank meetings this week, highlighted by the Federal Reserve which is likely to take another step toward tapering and holidays in Japan, China and South Korea. Meanwhile, Hang Seng fell 3.48% as fear spread in the market due to deepening crisis in the embattled Chinese developer China Evergrande Group with its share prices continuing to drop.
FII/DII trading data on Friday (17-09-2021)
|Category||Buy Value||Sell Value||Net Value|
|*All numbers are in INR crore|
Stocks in News Today
YES Bank & Dish TV India: The satellite TV service provider has sought to postpone its annual general meeting (AGM), which was scheduled on September 27, after YES Bank had sent notices seeking removal and appointment of certain directors. Dish wants to evaluate and ensure compliance of all applicable regulatory, and other approvals as required by the law and avoid any non-compliance to contractual obligations.
Hindustan Copper: The public sector enterprise plans to increase the output from its mines and aims to increase the mining capacity through expansion projects. The expansion will be done in a phased manner and a capacity up to 12.2 MTPA would be targeted in the first phase . It would be scaled up to 20.2 MTPA in the second phase.
Tata Consultancy Services: The IT services major has planned to invest Rs 690 crore to establish an innovation park in Kochi, Kerala. The Kerala government has allocated 36.84 acres of land for setting up a unit for Electronics Hardware & IT/ITES in KINFRA Electronics Manufacturing Cluster, Kakkanad.
Wipro: The technology services company said that it has launched the Wipro Google Cloud innovation Arena in Bengaluru to accelerate the adoption of cloud services. This partnership will provide technical expertise, faster cloud adoption and improve innovation to drive business transformation for customers.
IDBI Bank: Most merchant bankers have submitted their bids indicating that it would take one year to complete the process of facilitating the sale of IDBI Bank. However, the government aims to complete the transaction during the current fiscal itself.
Tata Motors: The company has launched the special Gold edition of its Safari model priced at Rs 21.89 lakh ahead of the festive season. Tata Motors Head of Marketing (Passenger and Electric Vehicles Business unit) Vivek Srivatsa said that this special edition comes with a rich mix of exquisite design elements with top of the line features, heightening the sense of comfort and indulgence for an effortless driving experience.
Welspun India: The textile company is aiming at an investment of Rs 800 crore to expand its capacity of home textiles and flooring businesses in the next two years. It would invest Rs 656.5 crore to expand its home textiles business during FY22 and FY23. It will also increase its towel manufacturing capacity by 20% to meet the growing demand from international markets.
Hero MotoCorp: The motorcycle maker is planning to launch a retro-styled Haley-Davidson model as it is eyeing to enter a profitable segment in the premium motorcycle space, according to the company’s senior official. The company expects the partnership with Harley-Davidson would help it speed up its presence in the premium bike segment and establish a complete portfolio cutting across segments and engine capacities.
Zydus Cadila: The drugmaker has received approval from the US health regulator FDA to market Vortioxetine Tablets which is used to treat depression in the American market. The drug will be manufactured at its manufacturing facility at the SEZ, Ahmedabad.